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Assume that Ritchey Industries is expected by investors to have a dividend growth rate over the foreseeable future of 5 percent a year, and that

Assume that Ritchey Industries is expected by investors to have a dividend growth rate over the foreseeable future of 5 percent a year, and that the required rate of return for this stock is 11 percent. The current dividend being paid is $2.20. What is the estimated value of the stock?

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